Options

2013 and earlier Volvo XC90 Lease Questions

1111214161733

Comments

  • radoncgsradoncgs Member Posts: 62
    Is there a termination fee ($395)at the end of the lease with Volvo Finance ? thanks.
  • volvomaxvolvomax Member Posts: 5,238
    Yes.
    Waived if you lease a new car thru Volvo Finance
  • vgupta_98vgupta_98 Member Posts: 12
    Its time to give back to the board that helped me negotiate this great lease.

    I just signed up for a 2yr / 24K lease on a new XC90. Here are the details.

    1) 2007 XC90 w/ Premium and Versatility Package
    2) MSRP: $44500
    3) Term 24mo / 12K /yr
    4) Residual: $26806.5
    5) Cap Cost: $36190
    6) Money factor: .0004 or .95%
    7) O Down / O Drive Off
    6) $455 + Tax = $489 / mo
  • max63max63 Member Posts: 76
    Can you let me know the name of the dealership in LA you got that 24 month lease.
  • jeffrobinsonjeffrobinson Member Posts: 8
    A bunch of dealers I have spoken with recently have said that new lease programs are coming out from Volvo on July 10th. They are being coy about whether these will be better programs than the current ones, which don't seem to be outstanding. Anyone have any idea if these new programs on July 10th will be strong programs or not?

    We're at a weird time, with the 2008's being phased in (and the 2007's being phased out) at most dealers, so it's been hard getting a handle on current pricing, and deciding between jumping in now or waiting for the 10th.

    Any thoughts from anyone?
  • volvomaxvolvomax Member Posts: 5,238
    Won't be better in all likelihood.
    Bank residuals dropped 2-3 points on XC90's for July.
    Volvo is not stuck w/ a bunch of 07's at the the ports.

    While there will be some support for the 08's,they won't be less than the 07's.
  • jeffrobinsonjeffrobinson Member Posts: 8
    Thanks for the insight volvomax. Just curious if you, or carman, or anyone else for that matter, would chime in on an offer I've received for the following car (offer valid until the 10th):

    2008 XC90 3.2 AWD
    metallic paint
    convenience, versatility, premium and climate packages

    MSRP: $46,495
    Selling price: approx. $40,700
    residual: 65%
    money factor: .00101
    24 months/12,000 miles per year
    Lease through Volvo Finance

    Monthly payment of approx. $510/month with $1600 in fees up front plus paying $900 in taxes up front.

    Monthly payment of approx. $550/month with the same $1600 in fees up front, but with the taxes rolled into the monthly lease payment.

    Any thoughts? On a brand new model, it seems like a decent deal to me. I guess the main question is whether I could do better on the selling price. By the way, I got an offer from a different dealer of $643 plus tax on the same car. Thanks in advance.
  • volvomaxvolvomax Member Posts: 5,238
    VFNA came out w/ new programs today,so your offer is no longer vaild.
    Residuals dropped 5 points.
    MF hardly changed.
    Better get a new quote from your dealer.
  • jeffrobinsonjeffrobinson Member Posts: 8
    Well, that's annoying. I just got the offer yesterday, set up the test drive for Thursday, and he said it was good until the 10th. Well, I guess I'll see what happens next time I speak with him. That lower residual changes the deal quite a bit, and won't quite cut it for me. Thanks for the info.
  • volvomaxvolvomax Member Posts: 5,238
    Not his fault.
    Volvo swore the programs were good thru the 9th.
    They are the ones who changed the timeframe.

    That is why you have to be ready to more at the end of the model year.
  • czm3136czm3136 Member Posts: 10
    Can I chime in here, because I'm in a similar situation due to the new dates but in my case, it's backwards - was quoted one figure on 7/2 which I told the salesperson was an awful deal and he actually called back on 7/3 and told me the new numbers had dropped significantly. And, my current lease is a volvo, so I was even more upset with the numbers they gave with all those incentives that were supposed to be out there.

    So for July, what are the actual money factors/residuals through Volvo Finance for a 3.2 AWD 24 month lease/12,000 miles a year? And what date do they start/end?

    On 7/2 his number was $499 with $2500 out of pocket for a 3.2 AWD with premium, versatility and climate packages. Now his number is $449 for a 2008 with all of the above plus the Blind Spot Information System. I'm not sure how this deal looks because I don't have info on new residuals, money factors...

    Any help is appreciated!!
  • commendatoricommendatori Member Posts: 1
    Here's what I was quoted, let me know what you guys think:

    2008 XC90 3.2 AWD with everything--
    Premium, Versatility, Climate (with xenon lights), Convenience, Nav, wood steering wheel, DVD entertainment system, and BLIS.
    15K miles/24 months
    Down: $1,800 (including first month, tax, title, etc)
    Monthly: $660 including 7% tax
  • king31king31 Member Posts: 6
    Here's a deal I was quoted on a 2008 3.2 AWD climate, premium, versatility, wood steering wheel. Let me know if you think its ok.

    X-Plan MSRP: 44,725
    MF: .00061
    LEV: 66%
    Cash cap reduction (incentives) $3564.85
    Trade-In value: $5200.00
    Adjusted Cap cost: 35,822.68
    Monthly including taxes is $329.76. $302.53 w/o taxes.
  • fluid15fluid15 Member Posts: 60
    If I understand you correctly, the Cap Reduction is money you're putting down (incentives + Trade-In) ... why would you put money down on a Lease?
  • king31king31 Member Posts: 6
    The cash cap reduction is just incentives. The Trade-in is where my money is coming out of pocket. I using the trade to try and reduce the monthly payment.
  • aephemeaepheme Member Posts: 48
    king31, that doesn't seem like a bad deal. What's the term / mileage allowance on that one? Could you break out the incentives?
  • king31king31 Member Posts: 6
    I don't have the break down for the incentives but its a 24 month lease with 10,500 miles per year. Car is for my wife who only puts about 7K miles a year on her vehicles.
  • qbrozenqbrozen Member Posts: 33,749
    It looks like your deal is somewhere around $3700 under Xplan price? Is that what you are saying? How does that compared to regular MSRP?

    Just looking back real quick, it seems some folks were getting $7k-$8k off of the '07s. Are there none of those still sitting around?

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • king31king31 Member Posts: 6
    You got it. He said that he was having trouble locating them plus the residual dropped 5pts on the '07's this week. I could push him to find an '07 if the deal was significantly better
  • pannikattkpannikattk Member Posts: 7
    CarMan, (or anyone)

    Would you please chime in and opine on this deal?

    2007 XC90 3.2
    Magic Blue metallic
    Premium
    Versatility
    DVD entertainment system
    Wood steering wheel
    18" Camulus wheels

    Sticker:$45,620
    Residual: 59%
    MF:.00034
    Sale price: $37,960
    $1,200 out of pocket (first payment, tax, etc.)
    Monthly payment $519.xx (plus tax)

    I set up my own lease calculator on an Excel spreadsheet and something about this quoted deal seems off. I'm getting $517 with tax (7% in Florida) included according to my calculations.

    Can someone tell me if I'm off, or is the dealer pulling a fast one?
  • rgrandrgrand Member Posts: 1
    I was just quoted the following:

    2007 XC90 3.2 AWD
    Premium
    Versatility
    Climate
    DVD entertainment system

    10.5k/24 mos.
    MSRP:$47,070
    Residual: 61%
    MF:.00050
    Sale price: $39,391.50
    $2,178 out of pocket (first payment, tax, aquisition fee, dmv, etc.)
    Monthly payment $479

    Thoughts?? Seems like a decent deal, no? Called 3 other dealers in the area and none could come close.
  • palleg33palleg33 Member Posts: 12
    Hi all, just wondering about 2 lease deals I am pondering.

    Deal #1- 2007 XC90 with climate, versatility, and premium for MSRP--45,075
    Selling price- 38,575
    Money Factor- .00080
    Residual-- 61%
    24 moS and 10,500 miles/yr for 462/month
    3000.00 down as cash and trade total

    Deal #2- 2007 XC90 service car with 6200 miles on it, same options
    MSRP--45,075
    Selling price?
    Residual?
    Money factor?
    24 mos 12K miles for 366 a month with 3000.00 down
    36 mos 12K miles for 389 month with 3000 down
    or if I put 2000.00 down the monthly goes to 444/month

    Which is better, not sure if a service car is a good bet but looks like a great deal over the new car

    Anyone know the MF and residual on 24 and 36 mo. XC90 leases

    Thanks
  • palleg33palleg33 Member Posts: 12
    Hi rgrand,

    What location was that deal in?
    Looks better than one I got today and was just wondering where in the country you are?
    My money factor was not that good.

    thanks
  • archmamaarchmama Member Posts: 3
    hi vgupta 98, i am in l.a. too, and that is exactly the car/deal i am looking for- can you tell me what dealership and salesman you worked with?
  • wrasqwrasq Member Posts: 1
    Looked at a XC90 today MSRP was $44425
    My trade in was $4000
    MF: .00251
    Res: 37%
    Tax: 6%
    lease is for 39 months $500/month 15K
    Can you tell me what youll think? Thanks
  • archmamaarchmama Member Posts: 3
    hi all, i'm a little new to this. i really appreciate the advice in the forum. what would be a great monthly lease rate for:
    2007 xc90
    premium and versatility
    24 months
    10.5 k miles per year
    0 down/ 0 drive off?
    thanks so much!
  • jw766jw766 Member Posts: 6
    What do you think of the following lease deal that was presented to me? Any thoughts would be appreciated!

    2007 XC90 3.2 w/Climate, Versatility, Premium.
    MSRP $45,075
    Sale Price $38,186
    Residual 60%
    Residual Amount $27,045
    24 month lease w/12,000 miles year
    $3,500 down (includes 1st payment)
    $459/month
  • pdurantpdurant Member Posts: 18
    Car_Man or others in the know,

    Can you help me out with lease information on an XC90?

    I'm looking at

    2007 XC90 3.2 FWD, Premium, Versatility Packages with an MSRP of $42,550.00. I need to know all incentives that would be available so I can negotitate a good Cap Cost for this vehicle.

    Also can you tell me is it currently better to lease with Volvo or a third party bank?

    Thanks for your help!

    Philip
  • archmamaarchmama Member Posts: 3
    does anyone know if there are any qualitative differences between the '07 and '08? any improvements? styling changes? thanks!
  • volvomaxvolvomax Member Posts: 5,238
    No differences
  • macsrulmacsrul Member Posts: 7
    WOW Got a great deal on the following 2008 V8 XC90!!

    Sticker $52,540
    Options:
    Silver Electric Metallic paint
    Convenience package
    Climate package
    Blind Spot Alert

    Negotiated Price $47,500 (Dealer was helping us due to electrical issue on 05 XC70)
    Option to buy at end for $34,637

    2 Year 12,000 mile lease
    .00005 Money Factor Rate
    $535 a month payment
    $1,600 due at signing ($895 acquisition cost, $535 first payment and paperwork charges)

    The 3 year lease money rate was approx. .00265 so we stuck with the 2 year lease through Volvo as it was much cheaper. The dealer was shocked by the rate as it allowed us to bypass all the lease dollars on the 07's and get a better deal on the 08.

    I believe this was a great deal. Your thoughts?

    Bob
  • jclax24jclax24 Member Posts: 1
    Was trying to deal on a remaining 07 without the convenience package but it sold before I could get going. Dealer gave me this on an 08:

    Convenience, Climate, Premium and Versatility Packages
    MSRP $46370
    Selling - $42117
    Residual - $23383
    MF - .00208

    3yr/36K $520/mo with $2800 total down.

    Any thoughts???
  • pdurantpdurant Member Posts: 18
    It seems like both this deal and the one in the message above you don't sound too bad at all.

    However, I really wish someone could help us out and post the current money factors and residuals to help us find out for sure... I don't know where Car_Man has been hiding!

    Philip
  • chriscavachriscava Member Posts: 18
    I've learned a lot from these boards so thanks to everyone. I learned even more when going into the dealer yesterday which left some HUGE unanswered questions.

    I was in the market to lease a XC90 and live in eastern MA. The model we settled in on was the 3.2L AWD. While I think the pricing for the car was fair the residual and money factors were WAY OFF! Here goes...

    2007 XC90 3.2 AWD
    Climate Package
    Convenience Package
    Metallic Paint
    Navigation System
    Premium Package
    RSE (Rear Seat Entertainment)
    Versatility package
    Wood Steering Wheel
    MSRP $50,810
    Sale Price $40,160 (this is with $48K X-pricing and $8K 2007 incentive for non-volvo lease)
    36 month lease w/12,000 miles year

    Here is where it gets interesting...
    Residual 42% (46% for 08?!?!)
    Residual Amount $26,765
    Money Factor- .00223 (Tier 1 through US Bank)

    Going into this I had seen residuals and money factors at 56% and .00171, respectively for 3yr/12K miles or 65% and .00053, respectively for 2yr/12K. I was told the dealer's residuals/money factor (above) resulted from 08s now being available and that this was for the entire Northeast for the month of July!! Car_man?? Steve?? Tidester??

    Is this true???

    I thought the dealer was fair and open about pricing but the spread between the financing residual/money factor put my monthly payment off by $200 and was a real deal breaker. ($732 versus $542, included tax)

    Any help Car_man and others can provide me ASAP would be appreciated. I'd like to continue with this dealership but it looks like I'll need to shop around and may be back looking into an Acura MDX!!

    Thanks...
  • qbrozenqbrozen Member Posts: 33,749
    Well, as you stated in your numbers, this is a lease through an independent bank, not through volvo finance. So the residual and money factor are completely up to the bank. Yes, feasibly the dealer could add some profit to the money factor, but I'm not sure you could find that out. Maybe call the bank in question directly?

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • chriscavachriscava Member Posts: 18
    Here are my questions-
    1) Is this the best residual/money factor currently available on this type of vehicle?
    2) If not, who is offering better financing?
    3) Is there truth to saying that the residual/mf stay constant for month of July, assuming Volvo finance, and what are Volvo's res/mf for July?
    4) Is there truth to the fact that residual/mf will be consistent via region, i.e., Northeast?

    Thanks for the help. I'm sure everyone will benefit from the insights...

    PS- At some point I had recently seen a volvo financed mf for similar vehicle 3yr/12Kmiles term at .00202 so when I was quoted .00223 for top independent bank that really didn't make sense. Thanks.
  • fluid15fluid15 Member Posts: 60
    Sounds good. I would just question the Acquisition Cost, it sounds high unless that includes Doc Fee.

    I paid $600 Acquisition Fee, $240 Doc Fee.
  • natec18natec18 Member Posts: 3
    Hi,
    I just accepted (verbally) the following deal and will complete the transaction tomorrow morning. Done over phone after a ton of research from this forum. I don't have the specifics in front of me i.e. residual, money factor. I will post these tomorrow once I receive them.

    Here is what I have so far:
    2007 3.2 AWD with Premium, Versatility, Climate packages and Bi-Xenon lights, silver metallic paint.

    msrp = $45,612.00

    Almost Zero Drive off (Identical to Volvo's current sign and drive deal, meaning I pay for the car's title and Registration.)

    $499.99 per month plus Tax for 24 months, 10500 miles per year.

    Best part is they are making the remaining payments (two) on Wife's current lease and delivering the car to my house as I live 45 minutes from this dealer. The remaining payments on the lease equal $660.00 so they are applying that to the required registration payment for the "sign and drive" and cutting me a check for the difference equaling $372.00

    Am I making the right decision?

    Thanks,
    Nathan
  • zamozamo Member Posts: 122
    Jump into it. Its loaded, plus the convenience you are already mentioning.
  • ccjcccjc Member Posts: 1
    Car_man or others

    is this a good deal for leasing?

    XC90 3.2AWD 7 passagers, climate/premium/versatility pkg + blind spot infosys.

    MSRP: 45,420
    36 mo/10000 miles per yr
    MF: 0.00026
    total payment: 16524
    residual: 25650
    $0 down pymt/$0 sec dep/$0 1st mo pymt/$0 bank fee
    need to pay tax&MV fees

    option 1:
    $551 @ signing
    mo pymt: $491.13/mo tax included

    option 2:
    1707.68 @ signing
    mo pymt: $459/mo tax included

    add $12/mo if i wanna go for 12000miles/yr
    i want to is it a good deal and which one is better?
    thank you
  • sn14sn14 Member Posts: 2
    Hello,
    This is the first time I have been planning to lease a vehicle and this is the offer I got from a dealership. Can someone confirm whether this is a fair deal:

    Lease on 2008 - 3.2 AWD XC90
    MSRP: $45,200.00 Climate, Premium, Versatility Packages, metallic paint.
    Miles: 12,000 /year
    Sign and Drive: $0 down, $0 1st month payment, $0 Security
    $553/month(includes 9% tax) for 23 payments
    MV Registration charges extra.

    Does it really matter whether this is through Volvo Finance or a private bank? Is it a good deal to consider? Thanks for any suggestions or inputs.
  • warnersswarnerss Member Posts: 2
    Sounds like a great deal, what state are you in?
  • warnersswarnerss Member Posts: 2
    Wow, Glad I found this message board! I need some help, someone please explain to me what the money factor is and how it relates to the lease.

    It is interesting to me that the 08's have such good deals on them. I'm surprised at the incentives on them. I am very hesitant to lease, but it might be the only way to get into an XC90.

    My plan is to lease for 2 years, then buy it out (my other car will be paid off by then).

    What's the best way to approach the lease deals that you guys are getting. Currently I am negotiating the selling price, then asking about the lease opportunity.

    I would appreciate any help from y'all. I am located in central florida.
  • kcornforthkcornforth Member Posts: 1
    Current incentive deal: 2008 Volvo XC90 - AWD, Sunroof, 7 Passenger, Premium Package, Versatility Package. $479/month for 24 months leasing. MSRP $44725. 10500 miles/year. Zero first payment. Zero security Deposit. Zero Bank fee. Plus tax and tags.
    1. Is this a good deal?
    2. I need 15000 miles/year. Approximately how much added to monthly cost? Will dealer likely go for it?
    3. Is sales tax added onto $479 payment (7% tax)?
    4. Is it a good idea to put down $3000 to lower monthly or does this nullify this incentive deal?
    5. Is Gap Insurance really added by most people and how much extra each month if so?
    6. How much should I allot for tags?
    7. In the above incentive are there missing costs?
    8. Would you recommend this deal?
    thanks,
    kath
  • sn14sn14 Member Posts: 2
    This is in PA.
  • bodidbodid Member Posts: 88
    Does anyone know or have a good idea where the money factor and residuals are going for 08's in August? Does anyone know when (date)? MF's can't get lower, butr there could be some incentive money...

    Bo.
  • zamozamo Member Posts: 122
    My sister just got a new 07 XC90 with Metallic Paint, Premium and Versatility package.

    $700 due at signing (includes first payment tax and tag)
    $469 + tax per month for 24 months (1st month included in inceptions above).
    12k miles a year

    They paid off her Lexus RX330 which had 6 months of remaining lease payments. Problem is that it needed new tires @ $250 a pop. She got rid of her problem and got a great deal on top of it.

    South FL.
  • bogusbogus32bogusbogus32 Member Posts: 3
    Thanks to everyone who has posted on this board!
    Here is the deal I got from an Georgia dealer:

    2008 Volvo XC90 willow green/taupe leather interior.
    -Premium Pkg
    -Climate Pkg
    -Versatility Pkg
    -Metallic Paint
    MSRP $43,350

    24 month lease with 15k miles per year
    $500/month.
    $821.36 total due at signing which is inclusive of SC sales tax of $300 and my first month payment, tax, title, tags etc.

    Hope this helps
  • bodidbodid Member Posts: 88
    Great deal! I just got numbers from my local Volvo dealer that money factor remained at .00001 and residuals went higher on the 08's. Since Volvo was taken over by and Indian conglomerate, they're trying to move cars; therefore the low numbers. These numbers should be around for the first 3 months at least (of the 08's intro) till they get some traction in sales. Great time to get an 08' XC90. Got a quote of 569. for an XC90 V8 Sport. You can't beat that. I just need to find dealers who have them.

    Anyone know dealers with V8 Sport models?

    Bo.
  • qbrozenqbrozen Member Posts: 33,749
    Since Volvo was taken over by and Indian conglomerate

    ????????????????

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

This discussion has been closed.